Binh Duong grants investment certificates for first phase of 2018

NDO - The People’s Committee of the southern province of Binh Duong hosted a ceremony on March 12 for the granting of investment certificates to 19 projects with a total registered capital of nearly US$200 million.

The grantees include 17 foreign direct investment (FDI) projects mostly from the Republic of Korea, Singapore, Chinese Taipei, and two domestic investors.

According to the provincial People’s Committee, Binh Duong has seen good signals for luring FDI this year.

In the first two months of the year, domestic and foreign investments have amounted to VND10.3 trillion (US$450 million) and US$435 million, respectively.

The province now has 31,548 domestic enterprises with a registered capital of VND247.5 trillion (US$11 billion) and 3,075 foreign projects worth US$29 billion.

It is ranked second in terms of FDI attraction, behind only Ho Chi Minh City.

On the same day, the provincial People’s Committee also held the MoU signing ceremony for the hosting of the World Technopolis Association general assembly and signed a land lease agreement for a project expansion in the Bau Bang Industrial Park between Becamex IDC and Far Eastern Group.